Asheboro, N.C.—WNC, in partnership with The Landmark Group of Companies, announced it has completed the redevelopment an $11.6 million affordable community called Asheboro Mill Lofts in Asheboro, N.C. The community is an adaptive reuse of two historic former mills, Asheboro Hosiery Mill and Cranford Furniture Mill, which were constructed in the early 1900s.

Asheboro Mill Lofts includes 70 units, and features a mix of one-, two- and three-bedroom apartments, and is open to families who earn no more than 60 percent of the area’s median income.

“Asheboro Mill Lofts is a real-world example of WNC’s mission to create partnerships that enrich people’s lives and improve the homes and communities where they live,” Gregory Hand, senior vice president of underwriting, WNC, tells MHN. “This mission was realized with the redevelopment of a historic site.”